TORONTO, June 30, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) welcomes the Government of Canada’s pledge to increase defense spending to 2% of GDP and its endorsement of NATO’s new target of defense spending to 5% by 2035. These measures signal Canada’s strengthened commitment to national sovereignty and collective allied readiness […] Events
OTTAWA, Ontario, June 30, 2025 (GLOBE NEWSWIRE) — Canada is now on track to meet NATO’s 2% GDP defence spending target—a critical step for national security and an important signal to our allies that we take our global responsibilities seriously – and has signed on to a further commitment of 5% by 2035. But as […] Events
Here's what to know about the new spending target, its two categories of 'core defence' and broader defence-related infrastructure, and how Canada plans to achieve each. Events
Carney said Canada will spend $150 billion annually on defence, but economists say it will be much more Events
The new target was the product of significant pressure by U.S. President Donald Trump Events
THE HAGUE — NATO leaders are meeting to debate whether to more than double the alliance’s defence spending target. Prime Minister Mark Carney is among the leaders around the table at the annual leaders’ summit in The Hague, where a proposal is being discussed to increase the target to five per cent of annual GDP, […] Events
THE HAGUE — Prime Minister Mark Carney says Canada and its NATO allies have agreed to substantially hike their defence spending target to five per cent of annual GDP by 2035. At a press conference outside the NATO summit in The Hague Wednesday morning, Carney said Canada can no longer rely on geography to protect […] Events
THE HAGUE — Prime Minister Mark Carney begins a two-day stop Tuesday in the Netherlands, where NATO alliance members are prepared to decide whether to more than double the defence spending target. The main talks in The Hague won’t happen until Wednesday, with Carney first set to take part in several bilateral meetings. Carney will […] Culture
'Two per cent is not going to cut it in terms of where the rest of the (NATO) alliance is,' said David Perry, a defence analyst who heads the Canadian Global Affairs Institute Events
Carney said the government will invest in new submarines, aircraft, ships, armed vehicles and artillery Events